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FILE: Cargo ships are seen at sea in the Gulf of Oman near the Strait of Hormuz, from a rocky shoreline near Khor Fakkan, United Arab Emirates, 1 May 2026

United Arab Emirates

Video. UAE halts all trade and financial dealings with Iran

Updated: 19/08/2026 - 15:51 GMT+2

Abu Dhabi announced the suspension after Iran fired two ballistic missiles toward the country on Tuesday. The move severs ties with what had been a major trading partner for sanctioned Iran, as crude flow through the Strait of Hormuz has fallen to less than a quarter of pre-war levels.

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